Tuesday, 2 June 2015

XE Market Analysis: Europe - Jun 02, 2015

The dollar settled, the euro has been better supported while the Australian dollar rallied on the RBA's unchanged policy announcement. EUR-USD managed to lift back above 1.0900 after skirting to a 1.0891 low on Monday following above-forecast U.S. data. EUR-JPY is also trading just off three-week highs, and most other euro crosses are holding firm. A step-up in top-level political pressure from key Eurozone leaders to come up with a bailout deal that would be acceptable to the Greek government has given the euro an underpinning.



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